Category: Media Release
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Make the Season Count with NCSL
As the festive season approaches, many Papua New Guineans begin planning to travel home, reconnect with loved ones, and honour cultural traditions. It’s a time of joy, reflection, and renewal and at NCSL Savings and Loan, we’re here to help you make it truly meaningful.
Whether you’re saving for travel, gifts, or family obligations, our Christmas Savings Account offers a smart way to prepare. With a 6% interest rate per annum, your savings grow while you plan ahead. Start now and enjoy a stress-free holiday season with funds ready when you need them most.
For those needing extra support, our personal loan options are designed to be flexible and accessible. Borrow starting from K200.00 with terms ranging from 6 to 60 months, and interest rates starting at 14% per annum. While you repay your loan, your savings remain untouched, continue to earn 6% interest per annum, and stay ready for your future goals. It’s borrowing made smarter. Whether it’s for festive
expenses or end-of-year goals, our loans help you stay on track without the financial strain.
And with MyNCSL Member Online and mobile app or Mobile USSD Service (*628#), managing your finances has never been easier. Apply for loans, check balances, and track your savings at anytime wherever you are.
This season don’t just spend plan, save, and celebrate with confidence. We remain committed to providing affordable and accessible products and services tailored to your needs for different seasons.
The festive season is here, and managing your money should be the least of your worries. That’s why NCSL Savings & Loan has the Poro Card, your everyday debit card linked to your Poro Account, giving you the convenience to shop, pay, withdraw, and even access loans instantly.
With your Poro Card, you can:
• Pay at EFTPOS terminals nationwide
• Shop in-store without carrying cash
• Withdraw funds at ATMs whenever you need
• Get instant access to loans credited straight to your Poro Account
How It Works
Transfer funds from your NCSL Savings Account into your Poro Account using MyNCSL or USSD (*628#).
Swipe or insert your card at EFTPOS machines or ATMs across PNG. And if you need extra cash, apply for
a 1:1 Loan—it’s instant approval, and funds are credited straight to your Poro Account. No waiting, no
hassle.
Apply Today
Scan the QR code on the flyer, visit www.ncsl.com.pg, or call 207 2000 for assistance.
Make your money work for you—get your Poro Card now and enjoy the freedom to shop, pay,
withdraw, and borrow with ease.
Our Lae Market Service Centre is now open to serve you!
We appreciate your understanding and continued support.
As the festive season draws near, we pause to appreciate the heart of NCSL — you, our valued members.
Your continued trust and loyalty inspires us to deliver financial services that truly make a difference.
We extend our sincere gratitude to the employers who partner with us to facilitate seamless savings and
contributions. Your support ensures that many of our members can access the financial tools they need
when they need them most, especially during this special time of year.
At NCSL, we’re humbled to offer a range of products and services designed to help you to celebrate the
holidays with confidence and peace of mind:
- Christmas Savings Account – Earn 6% interest per annum and enjoy the benefits of saving ahead
for your festive plans — whether it’s gifts, travel, or family gatherings. - Personal Loans – As a Responsible Lender, we offer loans with flexible repayment terms to help
you manage your seasonal expenses with ease and with interest rates starting as low as at 14%
per annum, - MyNCSL Member Online Web & Mobile App – Manage your savings and apply for loans anytime,
anywhere — giving you full control over your finances without the need to visit a branch. - Employer Visitation & Member Support – We’re here to help you make informed financial
decisions on savings and loans and can arrange for visitation and support you need at your
workplace, e.g. to provide financial literacy training
During this upcoming festive season, let NCSL as your trustworthy Savings & Loan Society, supporting you
to get organized for the celebrations by providing easily accessible and affordable financial services.
Whether you’re a member planning for Christmas or an employer supporting your team, a little help from
NCSL can go a long way.
Thank you for choosing NCSL. Thank you for growing with us.
Joining NCSL Savings and Loan isn’t just about opening a savings account—it’s about becoming
part of something bigger. As a member, you become a shareholder, giving you the right to
access some of the best financial services available in Papua New Guinea.
Enjoy easy and convenient access to savings and loan products with competitive rates through
any of our 20 branches nationwide, online via our website, or directly from your mobile
phone—anytime, anywhere.
We are continuously working to enhance our services and provide informative presentations to
help you choose the products that best suit the needs of you and your family.
Over the 22 years, we have assisted countless members meeting everyday needs to achieving
goals.
Here we featured some of the testimonials from our members.
Mary – Catholic Bishop Conference PNG & Solomon Islands
“I have been a member with NCSL for 13 years and my savings with NCSL especially General and
Education savings has enabled me to pay for my children’s school fees over the years”
Caroline – Airways Hotel
“Through the support of the payroll team of my employer, I have been contributing to my
savings account as a NCSL member for 8 years. I have been using my interest earned savings to
fund my holidays trips back to my home village during the festive period.”
Wayne – ExxonMobil
“Through NCSL’s 1:5 loan product—which allows members to borrow up to five times the value
of their savings—I was able to purchase a Toyota Harrier SUV in July 2022 and pay nearly
K12,000 in school fees for my son. These achievements have significantly supported both my
personal and family needs.”
Esther – WaterPNG
“My savings with NCSL has been my lifeline assisting me with my medical bills. I have been a
member with NCSL for 6 years now.”
Edith – Aviat Club
“I am a member with NCSL since 2007. My savings have grown over the years and I have used to
attend to customary obligations, family needs and build myself a house.”
Thanks to our members
It is because of our members that we have grown, evolved and innovated achieving
transformative milestones. As we reflect on our 22-year journey, we are humbled by the
milestones we’ve achieved as each one is a testament to the trust and growth shared with our
members;
• 2005: Introduced Discount Program for Members
• 2010: SaveBal Service launched
• 2016: Biometric Identification System Introduced
• 2017: NCSL Constitution amended to open membership to open to non-Nasfund members (public)
• 2015: Online Services introduced
• 2019: Poro Card & EFTPoS introduced. First non-bank financial institution to participate in retail electronic payment system
• 2020: Introduction of Higher ratio Loans. NCSL rebrands with facelift of new logo.
• Introduction of Higher Ratio loan.
• 2022: Rolled out Wokabaut Tablets to register new members instantly at employer sites
• 2023: New Call Centre Established at NCSL Head Office
• 2024: Implemented a new system. Introduced enhanced version of MyNCSL Member Online and YourNCSL Employer Online
Over time, NCSL has become more than a financial institution. It became a partner in progress, a
source of stability, and a symbol of empowerment through financial literacy training, focussing
on creating a savings culture and responsible lending. Members feel noticed, supported, and
valued. Not just for what they save, but for who they are and what they aspire to achieve within
their respective families, clan, tribe and modern-day community
In celebrating 22 years, NCSL isn’t just marking time, it’s honouring any of the 160 000 of life
journeys we have helped shape. And for every member, our journey together continues.
“NCSL exists because of our members — they are the foundation of everything we do. Our
purpose is to serve them with integrity, innovation, and care, ensuring their financial wellbeing
remains at the heart of every decision we make.” Said CEO Frans Kootte.
From humble beginnings NCSL’s history is a living testament of our journey with our loyal
contributors.
This month, NCSL Savings & Loan Society celebrates 22 years of service — not just as a savings and loan
institution, but as a community built on trust, loyalty, and shared purpose. This milestone isn’t ours alone.
It belongs to you, our members, whose belief in us has shaped every step of our journey.
From just 14,002 members in 2003 to over 150,000 today speaks volumes. Your loyalty has transformed
NCSL from a small operation in Boroko in theNation’s Capital into one of PapuaNew Guinea’s most trusted
financial service providers. Every kina saved, every loan approved, and every goal achieved reflects your
commitment and our promise to financially walk beside you.
We’ve grown together. We’ve faced challenges together. And through it all, we’ve built something more than
financial services — we’ve built a connection, a relation, a community and a family.
At NCSL, we do not just offer products. We offer possibilities understanding our Melanesian culture and
way of life. Our simple yet affordable products are developed to meet every financial need.
- Savings Accounts that help you build a future
- Personal Loans tailored to your needs
- Digital Services like MyNCSL Member Online for convenience and control
- Loan & Savings Calculators to help you plan wisely
- Member Benefit Programs that reward your loyalty
- Employer Partnerships that make saving and borrowing easier
Over the years, NCSL has embraced change and innovation, introducing other new products and services
expanding its suite of offerings with the intention to make your financial journey simpler, safer, and more
rewarding.
Chief Executive Officer Frans Kootte said, “This milestone stands as a powerful reflection of the trust our members have placed in us – NCSL Savings & Loan over the years. It highlights the strength of our growing membership and the enduring values that continue to shape our journey.”
“To those who’ve been with us from the beginning thank you. To those who’ve joined along the way, welcome. And to those who are yet to become part of our story we invite you to take the first step,” said Mr. Kootte. Join a Savings & Loan like NCSL that puts you first. Join to see financial benefits that changes and improves lives. Join NCSL where your goals become our mission.
For over 20 years, NCSL Savings & Loan has humbly as Papua New Guinea’s leading member-owned financial institution. With over 150, 000 contributors nationwide, we’ve built a legacy of trust, innovation,
and service delivering savings and loan solutions that are not only secure and accessible but importantly tailored to the everyday needs of our people. Our mission to improve lives through digitally driven financial services continues to shape the future of savings and loan in PNG, and the experiences our members share continue to inspire and guide us.
One such story is that of Tau Bega who joined NCSL on July 7, 2025. For Tau, this wasn’t just another financial institution, it was a transformative experience rooted in convenience, efficiency, and genuine member care. As a professional in the lending sector, Bega is well-versed in financial services. Yet, what he discovered at
NCSL left a lasting impression. “I’m truly impressed by the speed of applying for a personal loan 1:1, just a few keystrokes and it’s done,” he shared. “It’s a game-changer.” His journey began with a Seivins Chat Presentation conducted by NCSL’s Ms. Vicky Moriani, Customer
Service Consultant in Alotau. Her patient and knowledgeable guidance through the online registration and
loan process exemplifies the heart of NCSL’s member-first approach. “Her support made the entire experience seamless,” Bega said with appreciation. What sets NCSL apart, according to Bega, is not just the technology but the thoughtfulness behind it.
The MyNCSL App, available on the Playstore and online, gives members direct access to their accounts anytime, anywhere. “It personalizes your services,” he said, “giving clients control and convenience on the
go.”
But it’s the Personal Loan product that truly stands out. “Highly recommended,” Bega emphasized. “It’s extremely flexible and user-friendly, cutting out the traditional bulky loan application forms. And the turnaround time? Next to none.”
Beyond loans, Bega praised NCSL’s wide range of savings products designed to meet the practical needs of Papua New Guinea’s working class. With competitive interest rates and a member-first approach, NCSL continues to redefine what convenient digital services can look like. “I’ll definitely recommend NCSL to others seeking convenience including my family members,” Bega said. “It’s not just a service; it’s a smarter way to manage your money.”
